Short Interest in TOPCON (OTCMKTS:TOPCF) Declines By 36.5%

Key Points

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TOPCON (OTCMKTS:TOPCF - Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 248,600 shares, adecreaseof36.5% from the July 15th total of 391,500 shares. Approximately0.2% of the shares of the company are sold short. Based on an average trading volume of 100 shares, the short-interest ratio is presently 2,486.0 days. Based on an average trading volume of 100 shares, the short-interest ratio is presently 2,486.0 days. Approximately0.2% of the shares of the company are sold short.

TOPCON Stock Performance

TOPCF traded down $2.2707 on Friday, hitting $20.01. 1,000 shares of the company traded hands, compared to its average volume of 11. The stock has a market capitalization of $2.17 billion, a PE ratio of -400.12 and a beta of 0.52. The company has a 50 day moving average of $21.42 and a 200-day moving average of $21.09. TOPCON has a 12-month low of $9.34 and a 12-month high of $23.00. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 0.25.

About TOPCON

Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products in Japan and internationally. The company provides total station products, including automatic tracking, motor drive, manual, industrial measurement, and imaging stations, as well as layout navigator, millimeter GPS, 3D mobile measurement system and laser scanner, data collector, theodolite, electronic level, and rotating and pipe laser products.